The vendors of the house we are hoping to buy have instructed a conveyancing solicitor in Epsom and Ewell who has suggested a exclusivity agreement with a payment 6,000. Is it wise to enter into such agreements?
There are two primary downsides with signing a lock out contract (occasionally known as a no-shop agreement) is that it takes away the focus from moving forward with the conveyancing work, so unless it requires minimal or no negotiation then it could turn out to be unhelpful. It is not strongly advocated by Epsom and Ewell conveyancing solicitors for this reason. The other main negative is the extent of the remedies available - an aggrieved purchaser should not expect to secure injunctive relief to prevent the seller disposing of the property to an alternative purchaser, so the only remedy open via the agreement will be the recovery of abortive charges and, in restricted circumstances, the extra payment of penalties.
We are expecting a mortgage offer soon. The lender mentioned the mortgage came with free conveyancing. Does this mean I have to instruct their panel conveyancer as I would prefer to use a Epsom and Ewell based conveyancing firm?
Do check but the the probability is that appoint one of their panel lawyers where you accept the "fee-free" offer. Speak to the mortgage company and ask if they make available a cash alternative. Some lenders have previously offered a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor in Epsom and Ewell.
Will our solicitor be asking questions concerning flooding during the conveyancing in Epsom and Ewell.
Flooding is a growing risk for solicitors specialising in conveyancing in Epsom and Ewell. There are those who purchase a property in Epsom and Ewell, fully aware that at some time, it may be flooded. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or sell the property. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Solicitors are not best placed to offer advice on flood risk, however there are a numerous checks that may be carried out by the purchaser or by their lawyers which can give them a better understanding of the risks in Epsom and Ewell. The standard property information forms given to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) includes a usual inquiry of the seller to find out whether the premises has suffered from flooding. If flooding has previously occurred which is not disclosed by the vendor, then a purchaser may commence a compensation claim resulting from an inaccurate reply. A buyer’s solicitors will also carry out an enviro report. This should indicate if there is a recorded flood risk. If so, further inquiries should be made.
I am looking for a flat up to £235,500 and identified one near me in Epsom and Ewell I like with amenity areas and transport links nearby, however it's only got 49 remaining years left on the lease. I can't really find anything else in Epsom and Ewell suitable, so just wondered if I would be making a grave error buying a short lease?
If you need a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of 2 years you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
I am selling my property. My past conveyancers have shut. I am in need of a recommendation of a conveyancing firm. Im based in Epsom and Ewell if that makes things easier.
You should use our search tool to help you choose a solicitor for your conveyancing in Epsom and Ewell. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
I need to instruct a conveyancing solicitor for leasehold conveyancing in Epsom and Ewell. I've stumble upon a web site which looks to be the ideal answer If it is possible to get all the legals completed via email that would be ideal. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?